Good care extends battery life. Of course, proper car battery care can greatly enhance your car battery lifespan, and the best way to make sure that your car battery lasts a long time is to always keep it fully charged. That means that you should try not to leave your lights on or leave accessories plugged in.
A job loss often happens without warning, leaving you scrambling to find money to pay bills such as your mortgage. Some lenders and home builders now offer job-loss insurance that pays all or part of your monthly mortgage payment for a limited time. Examples of national and local organizations that offer these plans include: 1  Genworth Financial.
No lender will give you money unless you buy an insurance policy to pay for the loss in case the property gets damaged. A hazard insurance or homeowners insurance can offer adequate coverage to your lender a.k.a. mortgagee. Thus, a mortgagee clause is nothing but a separate contract between the insurer and the lender. As a borrower, you only need to tell the name of your lender when you buy an insurance policy. The insurer will contact your lender for the correct name and address of the financial institution that holds a lien on your property. The legal description of the entity that has financial interest in the property that you have bought with its money is what is referred to as a mortgagee clause in insurance papers. Is a Mortgagee Clause the same as a Loss Payee Clause (or Loss Payable Clause)? Technically, the two are not the same, but they are often used interchangeably. In real estate transaction, the term âmortgagee clauseâ has become almost a standard as it ensures complete protection for the lender in case of a loss. Take an example of a property damage done by the owner, also known as arson.